Edgestream Partners L.P. bought a new position in shares of NetScout Systems, Inc. (NASDAQ:NTCT - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 104,262 shares of the technology company's stock, valued at approximately $2,191,000. Edgestream Partners L.P. owned about 0.15% of NetScout Systems as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of NTCT. CWM LLC boosted its holdings in NetScout Systems by 28.5% in the first quarter. CWM LLC now owns 13,011 shares of the technology company's stock valued at $273,000 after purchasing an additional 2,889 shares during the period. Impax Asset Management Group plc boosted its holdings in NetScout Systems by 1.8% in the first quarter. Impax Asset Management Group plc now owns 580,000 shares of the technology company's stock valued at $12,186,000 after purchasing an additional 10,000 shares during the period. Principal Financial Group Inc. boosted its holdings in NetScout Systems by 2.7% in the first quarter. Principal Financial Group Inc. now owns 357,176 shares of the technology company's stock valued at $7,504,000 after purchasing an additional 9,526 shares during the period. Illinois Municipal Retirement Fund lifted its holdings in NetScout Systems by 4.9% during the 1st quarter. Illinois Municipal Retirement Fund now owns 38,642 shares of the technology company's stock worth $812,000 after buying an additional 1,795 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. lifted its holdings in NetScout Systems by 54.3% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 499,592 shares of the technology company's stock worth $10,496,000 after buying an additional 175,894 shares during the last quarter. 91.64% of the stock is owned by institutional investors and hedge funds.
Insiders Place Their Bets
In related news, COO Michael Szabados sold 7,500 shares of the stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $22.77, for a total value of $170,775.00. Following the completion of the sale, the chief operating officer directly owned 28,489 shares in the company, valued at approximately $648,694.53. This represents a 20.84% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP John Downing sold 3,000 shares of the stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $23.47, for a total value of $70,410.00. Following the completion of the sale, the executive vice president owned 127,352 shares of the company's stock, valued at approximately $2,988,951.44. This represents a 2.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 14,000 shares of company stock valued at $324,660 in the last quarter. 3.71% of the stock is currently owned by company insiders.
NetScout Systems Stock Performance
NASDAQ NTCT traded up $0.14 during trading on Friday, reaching $23.04. 722,280 shares of the company's stock were exchanged, compared to its average volume of 482,345. NetScout Systems, Inc. has a 1 year low of $17.95 and a 1 year high of $27.89. The stock has a market cap of $1.64 billion, a P/E ratio of -4.47 and a beta of 0.65. The company has a 50 day moving average price of $23.54 and a two-hundred day moving average price of $22.43.
NetScout Systems (NASDAQ:NTCT - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The technology company reported $0.52 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.52. NetScout Systems had a positive return on equity of 7.37% and a negative net margin of 44.60%. The firm had revenue of $204.99 million for the quarter, compared to analysts' expectations of $194.80 million. During the same quarter in the previous year, the firm posted $0.55 EPS. The firm's revenue for the quarter was up .8% on a year-over-year basis. Research analysts forecast that NetScout Systems, Inc. will post 1.5 EPS for the current fiscal year.
About NetScout Systems
(
Free Report)
NetScout Systems, Inc provides service assurance and cybersecurity solutions for protect digital business services against disruptions in the United States, Europe, Asia, and internationally. The company offers nGeniusONE management software that enables customers to predict, preempt, and resolve network and service delivery problems, as well as facilitate the optimization and capacity planning of their network infrastructures; and specialized platforms and analytic modules that enable its customers to analyze and troubleshoot traffic in radio access and Wi-Fi networks.
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